Tetra Tech Wins $25 Million USAID Water and Sanitation Contract

Rhea-AI Summary

Tetra Tech, Inc. (NASDAQ: TTEK) has secured a five-year, $25 million contract from the U.S. Agency for International Development (USAID) to enhance water, sanitation, and hygiene (WASH) services in Tanzania. The project will leverage Tetra Tech’s expertise in engineering and technical advisory services to improve Tanzania’s water resource management and address climate change impacts. Tetra Tech has over 40 years of experience in supporting USAID in developing countries, aiming to bolster community access to essential water and sanitation services.

Positive

• Awarded a five-year, $25 million contract from USAID.
• Focused on improving WASH services in Tanzania, targeting urban and rural populations.
• Leverage over 40 years of experience in international development.

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• None.

PASADENA, Calif.--(BUSINESS WIRE)-- Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, announced today that the U.S. Agency for International Development (USAID) awarded the Company a five-year, $25 million, single-award contract to support the Government of Tanzania in expanding and sustaining the delivery and management of water, sanitation, and hygiene (WASH) services in urban and rural settings.

Through the USAID Tanzania Water and Sanitation Activity, Tetra Tech’s team of industry leading water and sanitation experts will provide engineering and technical advisory services to strengthen Tanzania’s capacity to manage water resources infrastructure, and mitigate the impacts of climate change. Tetra Tech also will engage the private sector to stimulate innovation and investment to increase the availability of WASH products and services across Tanzania.

“Tetra Tech has supported USAID to improve access to water and sanitation in developing countries for more than 40 years,” said Dan Batrack, Tetra Tech Chairman and CEO. “We look forward to continuing to support Tanzania to enhance water security and improve community access to critical water and sanitation services.”

About Tetra Tech

Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 21,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science^® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn, Twitter, and Facebook.

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211019005291/en/

Jim Wu, Investor Relations

Charlie MacPherson, Media & Public Relations

(626) 470-2844

Source: Tetra Tech, Inc.

FAQ

What is Tetra Tech's recent contract with USAID about?

Tetra Tech has been awarded a five-year, $25 million contract from USAID to support WASH services in Tanzania.

How will Tetra Tech's contract impact Tanzania?

The contract aims to improve the management and delivery of water and sanitation services across urban and rural areas in Tanzania.

What are the financial details of Tetra Tech's USAID contract?

The contract is valued at $25 million and spans five years.

How long has Tetra Tech worked with USAID?

Tetra Tech has supported USAID for over 40 years in enhancing water and sanitation access in developing countries.